Answer:
Prof. Finance can withdraw an annual annuity of $ 110,698
Explanation:
Prof. Finance's present value is $1,500,000, which reflects his savings at retirement age 65, so PV= 1,500,000
6% is the interest rate established, so r=6%
Number of withdrawals planned = 25
PMT= $110,698
If fixed costs rise, there will be an increase in the required number of units to break even.
The predetermined overhead rate is calculated as follows: $360,000 / 60,000 = $6 for each direct labor hour... The applied overhead for September amounts to $6 multiplied by 9,350, totaling $56,100. Thus, the overhead assigned to production for that month was $56,100.
I hope this information is beneficial, and now you understand how to approach it. Wishing you a fantastic and joyful day! Also, enjoy the remainder of Black History Month!:-)
- Cutiepatutie ☺❀❤
Since many individuals purchase their items, they can generate enough revenue to remain profitable, even while offering lower prices.
